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earlier, house speaker john boehner told reporters that allowing tax cuts for the wealthy to expire at the end of the year would be harmful to the economy. "the congressional budget office released a report that the most harmful consequences of the fiscal cliff come from increasing tax rates, and according to ernst and young, raising the top rates would destroy nearly 700,000 jobs in our country." the fiscal cliff is the result of the unresolved debt ceiling debate a year-and-a-half ago: $110 billion in spending cuts - half of it defense-related. it's also a list of tax breaks about to expire that includes: the bush tax cuts, the alternative minimum tax, reduced payroll tax, and the federal unemployment benefit extension. some believe that negotiations come so soon after the election that it may put pressure on republicans to compromise. "it's going to be a disaster if it doesn't get done, and the blame will be on them. they have to compromise - something they didn't do in the last session." when pressed for details as to what ground republicans could give in negotiations, house speake
earlier, house speaker john boehner told reporters that allowing tax cuts for the wealthy to expire at the end of the year would be harmful to the economy. "the congressional budget office released a report that the most harmful consequences of the fiscal cliff come from increasing tax rates, and according to ernst and young, raising the top rates would destroy nearly 700,000 jobs in our country." the fiscal cliff is the result of the unresolved debt ceiling debate a year-and-a-half...
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Nov 10, 2012
11/12
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president obama and house speaker john boehner seem to be sticking to their guns, those old noncompromising my way or the highway type guns. >> i'm not going to ask students and seniors and middle class families to pay down the entire deficit while people like me making over $250,000 aren't asked to pay a dime more in taxes. i'm not going to do that. >> the problem with raising tax rates on the wealthiest americans is that more than half of them are small business owners. >> the president says he will reject any deal that does not include asking the wealthy to pay more. that fiscal cliff is a combination of some automatic spending cuts and tax increases and economists say the country will be plunged into another recession if lawmakers don't do something by january 1st. mr. balm and speaker boehner are scheduled to meet at the white house next week. >>> because of that impending financial doom and gloom virginia's governor bob mcdonnell ordered state agencies to look into cutting their budgets by 4% and as reporter peggy fox explains, the same thing that saved northern virginia during the re
president obama and house speaker john boehner seem to be sticking to their guns, those old noncompromising my way or the highway type guns. >> i'm not going to ask students and seniors and middle class families to pay down the entire deficit while people like me making over $250,000 aren't asked to pay a dime more in taxes. i'm not going to do that. >> the problem with raising tax rates on the wealthiest americans is that more than half of them are small business owners. >>...
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Nov 9, 2012
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john boehner said this is his moment. his opportunity to leave. shannon: i would like to play a little bit more about what john boehner has said. and then i would like to play more about what brett said about this. but first, what john boehner said to diane sawyer. >> raising taxes is the wrong prescription. >> raising tax rates is unacceptable. frankly, it could not even pass the house. shannon: bret baier is the anchor of special reporting. what is your reaction? we understand that the president will invite congressional leaders over. >> we will also probably here from his senior adviser, david plouffe. the one thing that is interesting, if you look at the polls on the question of income tax rates, you have 47% that want to increase for those about 250,000. no increase for anyone tax increases, and 13%, increases for all. 47% 1,250,000 or above and 48% don't raise them at all or reason for everyone. so, you know, if you look at the exit polls, there is not really a definitive answer there. the republicans are going to say this is not the right a
john boehner said this is his moment. his opportunity to leave. shannon: i would like to play a little bit more about what john boehner has said. and then i would like to play more about what brett said about this. but first, what john boehner said to diane sawyer. >> raising taxes is the wrong prescription. >> raising tax rates is unacceptable. frankly, it could not even pass the house. shannon: bret baier is the anchor of special reporting. what is your reaction? we understand...
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Nov 15, 2012
11/12
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last week, house speaker john boehner said that congress has ways to avert the fiscal crisis, but rewriting the tax code in two or three weeks is not one of them. lawmakers have until midnight on new year's eve to reach an agreement. the first round of meetings begins today. hurricane sandy's power-packed winds swept away sales momentum in the retail sector, especially in the car industry. prior to the storm, retail sales were edging higher. the month of september was revised up 1.3% from 1.1%. but after sandy, overall, retail sales slid .3% in october, the first dip in 3 months. automaker sales plunged 1.5%, the larget drop since august of 2011. car makers blame the storm for sluggish sales and predict a rebound in november. the national automobile dealer'' association is standing by its prediction that as many as a quarter of a million vehicles suffered damage from superstorm sandy. and as our cover story explains, many of them could be resold at auction and wind up on used car lots from coast-to- coast. the national automobile dealer'' association says despite fewer than 40,000 claims fi
last week, house speaker john boehner said that congress has ways to avert the fiscal crisis, but rewriting the tax code in two or three weeks is not one of them. lawmakers have until midnight on new year's eve to reach an agreement. the first round of meetings begins today. hurricane sandy's power-packed winds swept away sales momentum in the retail sector, especially in the car industry. prior to the storm, retail sales were edging higher. the month of september was revised up 1.3% from 1.1%....
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Nov 16, 2012
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it ended with what looked like a big handshake between the president and john boehner. james rosen has the report live from the white house. hey, james. >> reporter: house minority leader nancy pelosi says congress wants to show a message of confidence to the markets and she said they should aim to strike a deal on the fiscal cliff by christmas. the special lasted just over an hour. president obama said nothing explicit about reining in entitlement spending. instead the chief executive spoke about approaching the deficit in a balanced way and talked about long-term impediments to growth. >> i think we are all aware that we have some urgent business to do. we have got to make sure that taxes don't go up on middle class families and our economy remains strong that we are creating jobs and that's an agenda democrats and republicans and independents, people all across the country share. >> reporter: republican leaders gave no indication they are willing to entertain the idea that the president wants them to, namely the raising of tax rates on some particular categories of i
it ended with what looked like a big handshake between the president and john boehner. james rosen has the report live from the white house. hey, james. >> reporter: house minority leader nancy pelosi says congress wants to show a message of confidence to the markets and she said they should aim to strike a deal on the fiscal cliff by christmas. the special lasted just over an hour. president obama said nothing explicit about reining in entitlement spending. instead the chief executive...
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the other thing is boehner has a real problem. boehner is somewhat of a moderate. he may want to compromise on this. actually boehner and obama individually are incentivized to compromised but face people to the extremes in their parties who will prevent it. if boehner goes too far left, i really think the tea party will toss him right out. >> that's possible, but -- >> the lines are really drawn here, but president obama won the election. doesn't that buy him some capital here? >> oh, sure, and i think the fact that boehner comes right to the table, already doing interviews. republicans have wasted no time led by boehner saying there should be compromise and there's going to be a deal. we'll have to give on something. we might have to give a percent or two, but republicans aren't going to compromise their values. we're in this for the long haul. we believe in low taxes. we're not trading in all of our values because of one election result tuesday. we still hold half the cards in this town. people talk like the republican party is extinct. we control the house of r
the other thing is boehner has a real problem. boehner is somewhat of a moderate. he may want to compromise on this. actually boehner and obama individually are incentivized to compromised but face people to the extremes in their parties who will prevent it. if boehner goes too far left, i really think the tea party will toss him right out. >> that's possible, but -- >> the lines are really drawn here, but president obama won the election. doesn't that buy him some capital here?...
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. >> reporter: john boehner says he is open to making a deal with the president to put the finances in order. >> republicans have signaled a willingness to accept new revenue if it comes from growth and reform. so let's start the discussion. >> reporter: one political analyst says the republicans' willingness to come to terms on a deal woo be the result of public pressure. >> it does mean that they have to worry about running afoul of public opinion at their per ill, having just suffered a loss. >> reporter: domestic issues aside, the ability of the two sides to reach an agreement may have an impact on foreign affairs. >> the inability to strike an agreement that is serious, that is long term, that restores confidence in the fiscal situation of the united states, i think it actually weakens his hand on every foreign policy issue. >> reporter: the president must also apoint a new secretary of state and treasury secretary. both hillary clinton and timothy good nighter in are not expected to return for the president's second term. in new york, ainsley earhart, fox news. >>> a huge selloff
. >> reporter: john boehner says he is open to making a deal with the president to put the finances in order. >> republicans have signaled a willingness to accept new revenue if it comes from growth and reform. so let's start the discussion. >> reporter: one political analyst says the republicans' willingness to come to terms on a deal woo be the result of public pressure. >> it does mean that they have to worry about running afoul of public opinion at their per ill,...
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. >> so that was the president, and here's speaker boehner. >> on wednesday, i outlined a responsible path forward to avert the fiscal cliff without raising tax rates. about 24 hours after i spoke, the congressional budget office released a report showing the most harmful consequences of the fiscal cliff come from increasing tax rates. >> what speaker boehner did not mention was the cbo report said raising the top rate would only shave 1% of 10% off economic growth and only temporarily. those were the two open conditions in washington's showdown since the disaster. budget negotiators reconvene next week to try, in the words of one aide, to assess where they are. that's what puts republicans where they are in election 2012. it depends on who you ask or how you ask the question, what happened on tuesday night? gop strategist mary matalin, and david fromm, author of "why romney lost and what the gop can do about it." president obama and speaker boehner have said a lot of right things talking about compromise and cooperation, but on taxes, it seems the gap between the two sides is as big
. >> so that was the president, and here's speaker boehner. >> on wednesday, i outlined a responsible path forward to avert the fiscal cliff without raising tax rates. about 24 hours after i spoke, the congressional budget office released a report showing the most harmful consequences of the fiscal cliff come from increasing tax rates. >> what speaker boehner did not mention was the cbo report said raising the top rate would only shave 1% of 10% off economic growth and only...
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the house speaker john boehner started a public negotiation with the president said. he said republicans would accept an increase in tax revenues if they're tied to tax and entitlement reform but boehner specifically rejected the way the president would raise revenues with higher taxes and upper income for americans. of course that was pictures of tim kaine that you saw there. the home -- your home is worth some more money. the median price for an existing single home jumped almost 8% in the third quarter compared to the same time last year. this is the biggest jump if six years. the report from -- in six years. the report from the national association of realtors says most cities saw some gains. >>> at&t may have been caught in a fib. the company announced a plan to cover 96% of the u.s. population with 4g lte service by the end of 2014. well, that seems to show at&t told regulators a whopper last year when fighting for the doomed t-mobile merger. the company said without t- mobile, it was very unlikely it would expand 4g lte service beyond 80% of the country. the fc
the house speaker john boehner started a public negotiation with the president said. he said republicans would accept an increase in tax revenues if they're tied to tax and entitlement reform but boehner specifically rejected the way the president would raise revenues with higher taxes and upper income for americans. of course that was pictures of tim kaine that you saw there. the home -- your home is worth some more money. the median price for an existing single home jumped almost 8% in the...
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. >> reporter: house speaker john boehner said republicans are willing to raise revenue but only under certain conditions. >> what matters is where the increased revenue comes from and what type of reform comes with it. >> reporter: vice president bid inis certain a solution can be found. >> we're not is going over the cliff. we're determined not to go over the cliff. i think better heads will prevail. >> reporter: finding a solution in a lame duck congress could prove complicated. and that report from the congressional budget office also said if no agreement is reached the jobless rate would go up to 9.1% next year. >> susan mcginnis in washington on a friday morning. thank you so much. here in the northeast recovery from a pair of powerful storms is slow, painful and frustrating. this morning air travel in new york is expected to return to normal following wednesday's nor'easter. the storms complicated problems by superstorm sandy. thousands remain without power or heat and can't get fuel. it's so bad doctors without borders set up its ever u.s. clinic. >> reporter: utility crews are
. >> reporter: house speaker john boehner said republicans are willing to raise revenue but only under certain conditions. >> what matters is where the increased revenue comes from and what type of reform comes with it. >> reporter: vice president bid inis certain a solution can be found. >> we're not is going over the cliff. we're determined not to go over the cliff. i think better heads will prevail. >> reporter: finding a solution in a lame duck congress could...
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speaker boehner before the election last week. what he is saying, there is big distinction here now, you can raise revenue but don't touch the tax rates. >> yeah. bill: how would you do that? >> okay, you could do that by cutting some loopholes. obviously, with this new administration, you're not going to get tax rates cut. that was the romney plan, to raise revenues. so you could eliminate some loopholes, deductions, for example, as a way of bringing in more tax revenue. but you're right, bill, there is a key distinction between tax rates and raising revenues by cutting loopholes. bill: give me an example. what would that deduction be? >> suppose you narrow the mortgage interest deduction, just suppose, that is not necessarily on the table, just suppose you did that, millionaires can not deduct all of their mortgage interest. you can't do that. that would be a loophole which you could cut. that is not necessarily on the table but that is an example. bill: go ahead. >> the bottom line is, bill, tax revenues are very likely to go u
speaker boehner before the election last week. what he is saying, there is big distinction here now, you can raise revenue but don't touch the tax rates. >> yeah. bill: how would you do that? >> okay, you could do that by cutting some loopholes. obviously, with this new administration, you're not going to get tax rates cut. that was the romney plan, to raise revenues. so you could eliminate some loopholes, deductions, for example, as a way of bringing in more tax revenue. but you're...
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>> the question is is, what is speaker boehner saying? he really talking about a balanced approach or what he used to talk about and republicans have claimed, which is another round of tax breaks for wealthy people will somehow trickle down, magically boost the economy so much that it will pay for itself and not increase the deficit. we know that doesn't work. and if that's what speaker boehner's talking about, then really, it's not going anywhere. now, if he's talking about what we call genuine budget revenue, that's a different story and if that's the case, i'd love to see his proposal. the president has put his on the table for revenue. let's see speaker boehner's proposal. he wants to do this in the open. let's see it. >> of course, he and the president had a deal and fingers can point all kinds of ways, but that failed. let's hope they can. but who's going to take the lead in negotiations on your side? is it going to be somebody who has been rather polarizing like nancy pelosi or someone else? >> during the talks between the speaker
>> the question is is, what is speaker boehner saying? he really talking about a balanced approach or what he used to talk about and republicans have claimed, which is another round of tax breaks for wealthy people will somehow trickle down, magically boost the economy so much that it will pay for itself and not increase the deficit. we know that doesn't work. and if that's what speaker boehner's talking about, then really, it's not going anywhere. now, if he's talking about what we call...
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house speaker john boehner promised i had party is willing to get down to business. >> the republican majority here in the house stands ready to work with you to do what's best for our country. >> reporter: both side will be put to the test almost immediately. the president and congress will have to work together to overcome the looming fiscal cliff. that would involve automatic drastic spending cuts and tax increase at the end the year if no deal is reached. both sides are indicating a give and take. >> we're willing to accept new revenue under the right conditions. what matters is where the increased revenue comes from and what type of reform comes with it. >> it's better to dance than to fight. it's better to work together. >> reporter: and voters are counting on it. >>> cbs moneywatch time now on a thursday. worries about the fiscal cliff are already affecting stocks around the world. erica ferrari with more on that. >> reporter: asian markets tufbled over worries about the looming budget crisis here in the u.s. the nikkei lost 1.5%. hong conditioning's hang seng fell 2%. the unce
house speaker john boehner promised i had party is willing to get down to business. >> the republican majority here in the house stands ready to work with you to do what's best for our country. >> reporter: both side will be put to the test almost immediately. the president and congress will have to work together to overcome the looming fiscal cliff. that would involve automatic drastic spending cuts and tax increase at the end the year if no deal is reached. both sides are...
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boehner has a job to do. it is a party divided. you have the tea partiers who are ultraconservative. they don't want to give up their conservative values. and then you have the more moderates in the party and boehner needs to lead and maybe cut some deals on the side with more conservative members. jon: we're looking at him in that press event yesterday where he suggested that the republicans would be open to perhaps more revenue, chris, if there is some kind of major overhaul of the tax code. would democrats go along with that? >> again, i think that is definitely a pblt but, i think people need to understand that elections have consequences. the president, you know, ran on raising taxes on those making more than 250. if you look at the exit polls, the american people supported that position. so it is going to be very difficult i think with a straight face for boehner or the republicans to go into negotiations with either senator reid or the president to say, we don't want to raise taxes on the top 3%. >> but chris -- >> i don't k
boehner has a job to do. it is a party divided. you have the tea partiers who are ultraconservative. they don't want to give up their conservative values. and then you have the more moderates in the party and boehner needs to lead and maybe cut some deals on the side with more conservative members. jon: we're looking at him in that press event yesterday where he suggested that the republicans would be open to perhaps more revenue, chris, if there is some kind of major overhaul of the tax code....
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so john boehner is in a very difficult spot. we've seen some movement that republicans are willing to put some tax revenue on it, but as boehner said over the weekend, he's not going to raise tax rates. and obama is insisting on that. so i don't think you're going to get, see any type of deal this week when congress comes back. there'll be more leverage games, and we're going to probably go deep into december raising the question, are we going to get a deal? jenna: what do you think? >> i think eventually they are going to get a deal, but i think it'll probably be a two-step process where they get some type of down payment on tax reform and then do something larger in the new year with the new congress being sworn in. so, but how do you do that, how do you have one-step process? i think you've got to have the parameters of what you're going to do next year now. boehner does not want a huge deal in the lame duck. he says that the new congress should be in session when you're going to do this, the newly-elected people. so it's goi
so john boehner is in a very difficult spot. we've seen some movement that republicans are willing to put some tax revenue on it, but as boehner said over the weekend, he's not going to raise tax rates. and obama is insisting on that. so i don't think you're going to get, see any type of deal this week when congress comes back. there'll be more leverage games, and we're going to probably go deep into december raising the question, are we going to get a deal? jenna: what do you think? >> i...
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president obama and house speaker john boehner speaking today about what is needed to avoid a potential economic crisis in january. >>> an ohio teen sentenced in a deadly plot to lure victims with phony job offers on craig's list. >>> silent killers of superstorm sandy d the threat of carbon monoxide exposure, dangers from downed power lines and contaminated water. it is all "happening now." jon: iran uping the stakes with the standoff over the west on its nuclear program. a good friday morning to you. i'm jon scott. >> i'm jamie colby. good to have you here. i'm in for jenna lee today. talk about happening now, there is lot happening this hour. let's start with this. iranian warplanes opening fire an unarmed u.s. drone? the pentagon said it was flying over the gulf. that international waters. fortunately the drone was not damaged. jon: all this as the you know announce as fresh round of new diplomatic talks with iran next month. national security correspondent jennifer griffin live at the pentagon with more on this. this happened november 1st. why are we hearing about it now? >> report
president obama and house speaker john boehner speaking today about what is needed to avoid a potential economic crisis in january. >>> an ohio teen sentenced in a deadly plot to lure victims with phony job offers on craig's list. >>> silent killers of superstorm sandy d the threat of carbon monoxide exposure, dangers from downed power lines and contaminated water. it is all "happening now." jon: iran uping the stakes with the standoff over the west on its nuclear...
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john boehner has already talked about working with the president on this. let me say this, the vitriol of the last two years or maybe the last four years on both sides to have fence, democrats and republicans, need, that needs to stop. we need to move forward together as a united america and put the vitriol away, put the campaign mode away. i think all americans want that. i know some republicans want that and some democrats want that. let's find that common ground and move forward. shannon: this event that the president had last friday at the white house to a lot of people looked a lot like a campaign event. they was surrounded by people who were described as middle class americans who had voted for him and stakeholders who want to see his particular plans forwarded. there were no questions from the press. it looked a lot like a campaign event. brad, this is part of what the president had so say. he said on tuesday voters said loud and clear on tuesday they won't tolerate politicians who use compromise as a dirty word. cooperation, consensus. is the presid
john boehner has already talked about working with the president on this. let me say this, the vitriol of the last two years or maybe the last four years on both sides to have fence, democrats and republicans, need, that needs to stop. we need to move forward together as a united america and put the vitriol away, put the campaign mode away. i think all americans want that. i know some republicans want that and some democrats want that. let's find that common ground and move forward. shannon:...
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speaker of the house john boehner discussed the issue. gop leaders made it clear they will not support an increase in the tax rate for any american, including top earners. >> we are willing to accept new revenue under the right conditions. what matters is where the increase comes from and what type of reform comes with it. >> budget for the pentagon and other programs will be slashed next year. republicans and democrats said they will try to avoid that at all costs. we found while it could spell financial disaster, many people don't know what the fiscal cliff means to them. ktvu's tom vacar is live with how the outcome could effect all of us. >> reporter: the railroad is upgrading the tracks. but we are near the fiscal cliff. >> reporter: do you know what the fiscal cliff is? >> i don't. >> reporter: do you know what the fiscal cliff is? >> the fiscal cliff? no. i haven't heard of that. >> i haven't a clue what a fiscal cliff is. >> never heard of that term. >> reporter: you will and soon. >> enormous changes that are scheduled to happen
speaker of the house john boehner discussed the issue. gop leaders made it clear they will not support an increase in the tax rate for any american, including top earners. >> we are willing to accept new revenue under the right conditions. what matters is where the increase comes from and what type of reform comes with it. >> budget for the pentagon and other programs will be slashed next year. republicans and democrats said they will try to avoid that at all costs. we found while...
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liz: today president obama and house speaker john boehner spoke out about the troubles facing the nation. saying they need to work together. david: they always say that but when push comes to shove, will we see compromise on the critical issues? rich edson from the white house with details. is it going to happen? >> it is a little too early to tell, but look, the democrats campaign in raising taxes on those earning more than $250,000 per year and the voters he said have spoken. the white house later said the president would veto any bill that doesn't raise taxes on the wealthier taxpayers. he is willing to talk. >> i'm open to compromise. i'm open to new ideas. i'm committed to solving the fiscal challenge. but i refuse to accept any approach that isn't balanced. speak of the president said he invited readers to come over to the white house. they tell us they're still working. the president will give a press conference next week, wednesday. david: house speaker gave the speech. what kind of a compromise are we talking about, the change of the 250,000? the president may say anything above
liz: today president obama and house speaker john boehner spoke out about the troubles facing the nation. saying they need to work together. david: they always say that but when push comes to shove, will we see compromise on the critical issues? rich edson from the white house with details. is it going to happen? >> it is a little too early to tell, but look, the democrats campaign in raising taxes on those earning more than $250,000 per year and the voters he said have spoken. the white...
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having said that, i think john boehner, speaker boehner has shown his willingness to work out an agreement here. that can be done by affecting deductions, loopholes that would include those in the upper brackets so that the president could get the revenue that he says he's looking for, but it would be done in a way that tax rates are not increased. therefore, we believe that would not slow economic growth. i think there's enough on the table if both sides want an agreement, i think john boehner has put enough on the table that an agreement can be reached, and as far as republicans getting clocked in the last election, the fact is we still have a very large majority in the house of representatives, so it could be said that while president obama won and he did win, the fact is in the congress the american people have returned a republican house of representatives so we also have, if you want to call it a mandate. i don't like to get into that terminology. but having said that, i don't think there's any mandate, it's to try to reach common ground, and i think speaker boehner has put enough on
having said that, i think john boehner, speaker boehner has shown his willingness to work out an agreement here. that can be done by affecting deductions, loopholes that would include those in the upper brackets so that the president could get the revenue that he says he's looking for, but it would be done in a way that tax rates are not increased. therefore, we believe that would not slow economic growth. i think there's enough on the table if both sides want an agreement, i think john boehner...
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phone from chicago before returning to the white house last night that includes house speaker ran john boehner. he says his party is willing to consider tax increases only under the right circumstances which include fewer tax loopholes and simpler, fairer tax code. right now all sides are laying out opening arguments for negotiations that are to come. they need to avoid severe and automatic government spending cuts and tax hikes that will take place january 1st. those cuts and hikes total 800 billion dollars. in the bay area there's hope president obama's reelection will bring amick boost especially in the silicon valley. with health care behind him the tech industry feels the president can turn his attention to jobs, housing and clean technology. katie marzullo, abc7 news. >>>s did are trying to determine how badly hurt an 11-month-old fremont baby was when she fell from a third story window yesterday. firefighters say the baby landed in bushes outside her home in the 800 block of walnut avenue yesterday afternoon the baby was unconscious when she was airlifted to the hospital but breathing a
phone from chicago before returning to the white house last night that includes house speaker ran john boehner. he says his party is willing to consider tax increases only under the right circumstances which include fewer tax loopholes and simpler, fairer tax code. right now all sides are laying out opening arguments for negotiations that are to come. they need to avoid severe and automatic government spending cuts and tax hikes that will take place january 1st. those cuts and hikes total 800...
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house speaker john boehner just addressing it. we are half an hour away from hearing from president obama, and we will take those comments live. dennis: and bond, james bond, back amid skyhigh predictions before "skyfall"'s debut. cheryl: looking better than ever. going to break. take a look at some of the s&p winners. we will be right back. when we got married. i had three kids. and she became the full time mother of three. it was soccer, and ballet, and cheerleading, and baseball. those years were crazy. so, as we go into this next phase, you know, a big part of it for us is that there isn't anything on the schedule. dennis: fiscal cliff face off. house speaker john boehner with president obama said to make a statement about a half an hour. rich edson on that story from the white house. >> good afternoon. the president will underscore the need for congress to prevent a tax hike on the middle class. what that meant for election for democrats in the white house and the tax rate remaining the same for those families earning $250,00
house speaker john boehner just addressing it. we are half an hour away from hearing from president obama, and we will take those comments live. dennis: and bond, james bond, back amid skyhigh predictions before "skyfall"'s debut. cheryl: looking better than ever. going to break. take a look at some of the s&p winners. we will be right back. when we got married. i had three kids. and she became the full time mother of three. it was soccer, and ballet, and cheerleading, and...
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john boehner indicated, revenue is possible, but we're not raising tax rates. where is there compromise? >> i think where there's going to be a compromise on taxes, this be would be a good thing on the economy, might exchange lower tax rates in return for a reduction in all the loopholes that as it is distort economic activity. so if boehner were able to achieve that kind of compromise, that's one that the republicans could be pleased with. the bush tax cuts are gone, they're expiring, and the president said that 250,000 below, he wants that extended, but for those making more than 250, will the bush tax cuts come to an end? >> i don't think so. i think actually the they won't come to an end because the democrats don't want major reduction in spending, if you hit the cliff, the spending would go down and politicians love to spend money. an extension of the bush tax cuts, less we're blessed by the relatively few, jeff baso, the late steve jobs, you want to remove the barriers to their production, not raise them. >> mike: john, we're not going over this cliff, ar
john boehner indicated, revenue is possible, but we're not raising tax rates. where is there compromise? >> i think where there's going to be a compromise on taxes, this be would be a good thing on the economy, might exchange lower tax rates in return for a reduction in all the loopholes that as it is distort economic activity. so if boehner were able to achieve that kind of compromise, that's one that the republicans could be pleased with. the bush tax cuts are gone, they're expiring,...
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Nov 8, 2012
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on wednesday, both senate majority leader harry reid and house speaker john boehner pledged to negotiate in good faith. >> the american people want us to work together. republicans and democrats want us to work together. they want a balanced approach to everything, but especially the situation we have dealing with this huge deficit and taxes that are part of that. >> there is an alternative to going over the fiscal cliff. it involves making real changes to the financial structure of entitlement programs and reforming our tax code to curb special interest loopholes and deductions. by working together and creating a simpler, cleaner tax code, we give our country a stronger, healthier economy. >> powerful winter storm again has blasted the northeast, bringing wet snow and strong winds to areas already devastated by last week's superstorm sandy. tens of thousands of homes and businesses lost power along the east coast from the carolinas to new york on wednesday, joining the more than half a million customers who still remain without power in sandy's wake. concerns were raised the storm could
on wednesday, both senate majority leader harry reid and house speaker john boehner pledged to negotiate in good faith. >> the american people want us to work together. republicans and democrats want us to work together. they want a balanced approach to everything, but especially the situation we have dealing with this huge deficit and taxes that are part of that. >> there is an alternative to going over the fiscal cliff. it involves making real changes to the financial structure of...
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Nov 15, 2012
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house speaker john boehner seems optimistic about these negotiations. >> we can all imagine a scenario where we go off the fiscal cliff. if, if despite the election, if despite the dangers of going over the fiscal cliff and what that means for our economy that there's too much stubbornness in congress that we can't even agree on giving middle class family as tax cut, then, middle class families will all end up having a big tax hike. >> there are no barriers here to sitting down and beginning to work through this process. i don't think anyone on either side of the aisle underestimates the difficulty that faces us. but i do think that the spirit of cooperation that you have seen over the last week from myself and my team, from democrats across the aisle, from the president, have created an atmosphere where i think that, i'm, remain optimistic. i was born with a glass half-full. if i hadn't been i sure wouldn't be here. jon: so let's get to it. how close are we to the edge of that fiscal cliff? marjorie clifton, a former consultant to the obama campaign and principle with clifton consulti
house speaker john boehner seems optimistic about these negotiations. >> we can all imagine a scenario where we go off the fiscal cliff. if, if despite the election, if despite the dangers of going over the fiscal cliff and what that means for our economy that there's too much stubbornness in congress that we can't even agree on giving middle class family as tax cut, then, middle class families will all end up having a big tax hike. >> there are no barriers here to sitting down and...
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harry reid says tax hikes for the rich, john boehner talks more tax revenue, union boss from xhosas deficits are not priority. read between the lines. taxes up soon, spending may drop later, the debt will go up. that was a big part of the stock sell-off yesterday. the dow is below 13,000. a serious hardship story for you. new york area hit with another storm, more power outages, more destruction. this will hurt the whole nation's economy. "varney and company" about to begin. rs day of work. and his new boss ld him twongs -- cook what you love, and save your money. joe doesn't know it yet, but he'll wk his way up from busseto waiter to chef before opening a restaurant specializing in fish and me from the great northwest. he'll start investing early, he'll find some good people to help guide him, nd he'll set money aside from his first day of work to his last, which isn't rocket science. it's just common sense. from ameritrade. stuart: two days after the election the fighting is starting on capitol hill. all about the fiscal cliff, the national debt and taxing the rich. no matter which way you
harry reid says tax hikes for the rich, john boehner talks more tax revenue, union boss from xhosas deficits are not priority. read between the lines. taxes up soon, spending may drop later, the debt will go up. that was a big part of the stock sell-off yesterday. the dow is below 13,000. a serious hardship story for you. new york area hit with another storm, more power outages, more destruction. this will hurt the whole nation's economy. "varney and company" about to begin. rs day of...
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Nov 8, 2012
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i heard john boehner say that he was open to revenue. now, however defined that he was open to revenue. there were other voices more disside dissident. certainly i thought senator mcconnell unfortunately didn't sound the same, positive note that the others did but look, the president made very clear that he is prepared to sit down across the aisle. in fact started calling republican colleagues. i've been part of, for a year and a half a group of six, it's now a group of eight. we have been working steadily, and there are other groups working. i believe our colleagues if they're prepared to act, will have options to consider when they return. >> i'm just wondering and senator, do you think it's possible that we don't have to -- will the democrats agree not to get to 39.2, is there something else they'd accept, some other way of revenue raising where that top marginal rate doesn't go back, that seems to be something that, ever since the president compromised that first time, it's like it's been set in stone they could never compromise agai
i heard john boehner say that he was open to revenue. now, however defined that he was open to revenue. there were other voices more disside dissident. certainly i thought senator mcconnell unfortunately didn't sound the same, positive note that the others did but look, the president made very clear that he is prepared to sit down across the aisle. in fact started calling republican colleagues. i've been part of, for a year and a half a group of six, it's now a group of eight. we have been...
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boehner versus obama. >> give me my life back. having the same conversation and somehow the election didn't move the needle at all. >> it's again, it's the can being kicked down the road and the end of the road is here. >> sounds like it. now, however, we should say that the president and speaker john boehner both say that they are now open to compromise. when you dig into their statements further it's hard to know on what point they are going to compromise. let's listen. >> i'm open to compromise. i'm open to new ideas. i'm committed to solving our fiscal challenges. but, i will refuse to accept any approach that isn't balanced. pay down the entire deficit while people like me making over 2 auto thousand dollars aren't asked to pay a dime more in taxes. >> i'm not going to do that. instead of raising tax rates on the american people and damage it will do to our economy. let's start to actually solve the problem. let's focus on tax reform that close loopholes and lowers tax rates. instead of arbitrary cuts endanger our national de
boehner versus obama. >> give me my life back. having the same conversation and somehow the election didn't move the needle at all. >> it's again, it's the can being kicked down the road and the end of the road is here. >> sounds like it. now, however, we should say that the president and speaker john boehner both say that they are now open to compromise. when you dig into their statements further it's hard to know on what point they are going to compromise. let's listen....
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however boehner rejected any new tax that specifically target the rich. after senator john mccain lost the 2008 presidential race much of the republican spotlight landed on his vice presidential pick sarah palin. now our observers are wondering if the same thing will happen to mitt romney's running mate paul ryan. chip reid is in jamesville, wisconsin for us with that story. chip, good morning. >> reporter: good morning, norah. paul ryan is spending some down time with his family here in his home town of jamesville, wisconsin before heading back to washington and, yes, he'll be heading back to washington because while he lost the vice presidential bid he was overwhelmingly re-elected by the people of this district to his seat in congress and now just two days after election day talking political circles is turning to paul ryan's political future. for mitt romney losing the presidential campaign likely means the end of the political road. but for paul ryan defeat could lead to a new beginning. >> i don't know if he covered himself with glory but i think he
however boehner rejected any new tax that specifically target the rich. after senator john mccain lost the 2008 presidential race much of the republican spotlight landed on his vice presidential pick sarah palin. now our observers are wondering if the same thing will happen to mitt romney's running mate paul ryan. chip reid is in jamesville, wisconsin for us with that story. chip, good morning. >> reporter: good morning, norah. paul ryan is spending some down time with his family here in...
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. >> speaker john boehner, like wise, struck a tone and drawing a hard line saying everything is up for negotiation. >> clearly, the deficit is a drag on our economy. and we can't continue to spend money we don't have. i don't want to box myself in or anybody else in. i think it's important for us to come to an agreement for the president, but this is his opportunity to lead. >> the senate has already passed legislation that would raise taxes on those making more than $250,000 while preserving the bush tax cuts for the middle class. the latest now on tuesday's election. the president's margin of victory has now increased. he now has a 51% edge over romney in the national popular vote. that is up from a tie that we saw on election night. but down in florida, they are still counting the ballots. officials have until noon today to submit unofficial results to the secretary of state. cnn has yet to project a winner there, but with 97% of precincts reporting, president obama has a lead over romney. the romney campaign has conceded the race in florida. and for the first time since superstorm
. >> speaker john boehner, like wise, struck a tone and drawing a hard line saying everything is up for negotiation. >> clearly, the deficit is a drag on our economy. and we can't continue to spend money we don't have. i don't want to box myself in or anybody else in. i think it's important for us to come to an agreement for the president, but this is his opportunity to lead. >> the senate has already passed legislation that would raise taxes on those making more than $250,000...